What kind of things could a person carry to sell and how if they ever had to forcibly leave?
I read diamonds are worthless second hand.
Solid gold seems legit but not sure if coins or jeweler is best.
I saw something about getting gold chains to trade individual links in a emergency.
Are there any other good tips?
US: The way to effectively do thos is to open a series of accounts, in a tree structure, in countries that aren’t CRS compliant. Disperse the money into the structure. This will buy time, mitigating losses in the event of an asset freeze, likely not being caught until FACTA reporting to the IRS. Get the money out ASAP. There’s better methods if laws don’t matter.
Currency. Paper money that has high acceptance internationally, like US Dollars or Euros, both can be easily traded by local currency pretty much anywhere in the world.
Lol, not US Dollars. Not after November 5th, 2024.
Just go Euro
Idk how long the US dollar will have high acceptance internationally. I mean it may not change much or it may change a lot, depending on what happens the next few years.
My buddy grandpa left murica to go to his home country but traded all his dollars to local currency. When he got off the boat local currently collapsed hard. Huge fear of mine.
Ah fuck that’s scary
Yeah the BRICS will make the dollar obsolete.
/s (if that wasn’t super obvious)
Honestly I didn’t get the joke because i didn’t know anything about BRICS until just now 😅
Russia is trying to make business with poorer countries to prop up the falling ruble, etc. I don’t think the dollar or the euro has anything to be afraid of in the near future.
Seconding this. The best money is still money.
If you can’t get a good stable currency or you have legitimate fears that the currency you can get is in danger of some kind of collapse, gold or silver coins would be your best second bet. In this case you’ll want well known coins minted by an actual government such as an American gold eagle or the Canadian silver maple leaf rather than the coin shaped “rounds” that a lot of places sell. The rounds will have the same issue as jewelry, you’ll have to haggle over weight and quality every time you sell one. Actual coins issued by a government mint will have pretty well established values so they will be easier to sell at a fair price.
Printer ink.
I’m just kidding… listen to all the other smart people in this thread and not me.
Well I think ink is worth more per volume than blood.
If you’re crossing a border they’ll try to customs you about gold coins/bars, jewelry you can claim is like, a precious family heirloom or your wedding ring or whatever.
I think its like $10k for in or out of the US and items of value
Probably a good amount to start over. Grandma wad a refugee and came over with way less. Granted she had to work like uncle ruckus but she also couldn’t read either.
One of them stupidly expensive watches, that is worth more than a house, might be the best way to move value across borders. But you gotta find a sucker to buy it.
From the phrasing “fleeing a country” I imagine they want to circumvent border checks/wouldn’t be able to pass a border legally anyway?
I’m fairly sure these days most refugees at least go through some manner of process in the country they claim asylum in. You can’t really exist off grid anymore
I know some people who largely do exist off grid, but in any case, for asylum claims it’s common to claim asylum after having already crossed the border of the target country without going through the checks. My friends who are asylum seekers have done that. I imagine in general you’d have less chance of being deported if you’re already living in the country vs trying to cross the border.
It’s unclear. If they’re a trans person fleeing the US, they could still pass the border normally for now.
Coins vs jewelry doesn’t matter. Weight and purity are all that count when selling.
If you are fleeing from the US, get a bunch of guns. Gotta make money from illegal weapon sales overseas, just as the founders intended. 😎
God Bless The 2nd Amendment 🙏
(Also, build a backyard nuke while you’re at it, sell it to the Libyans)
Lol good luck carrying all that.
Y’all don’t got that magic suitcase Leon S. Kennedy has? Ya know, the one that can disappear into thing air and re-appear, whenever you want, and can fit 2 rocket launchers, an automatic gun, a sidearm, boxes of ammo, a bunch of grenades, and vials of colorful herbs.
Not a topic I’m super familiar with, but I feel I’ve heard people often are either robbed or have their items confiscated by authorities. Same with unhoused people not wanting to have stuff that would make them a target.
If it was something you had a little bit of prep time for, ziplocking USD or EU and seeing it into a grubby jacket where the repairs would blend in and not garner attention would be the most portable and effective thing to do while minimizing theft potential, other than having all eggs in one basket unless you split it between different garments. Also make sure it is pretty weatherproof to prevent mold damage.
It also has the benefit of being immediately usable, should you need to pay for transport or food. If it was seen in a puffy coat, one could discreetly remove one pack of bills while leaving the rest secure. The immediacy that cash can be used may make up for having something potentially more valuable that you would have to barter or fence, as pretty much any human has a need for cash.
To add that secret compartments in your accessoirs.
My sling bag for example has 2 velcro pouches on each side of the band. You would think they are sewn shut but on closer expections they are actually vecroed.
Using it as a emergency storage for some coins. Helped me once already.Not putting in a link until requested. No need to advertise :)
I think I actually had a coat once with a hidden pocket like this that I didn’t know about until I had it for quite some time! It wasn’t big enough to hold a lot, but it was a very secret stash. Even some coats I have with inside pockets blend in very well, but those probably wouldn’t pass someone searching me at a checkpoint of any kind.
My pouches are a sort of faux leather type of material. I couldn’t fill it with anything bulky but I could certainly get a small stack of 200€ bills inside without being bulky.
I planned to sew in the coins somehow into my backpack and jacket. But this a good idea for cash.
If you need some inspiration, here’s my bag:
Bitcoin is best. Can theoretically keep your wallet seed in your head instead of paper or on phone. Anything physical is subject to border guards or other transporation/exgress/ingress assisters.
Consider the worst comes to worst, you won’t have electricity, let alone internet connectivity. Good luck selling any crypto in those circumstances.
Nope, ye olde Gold & Silver are the way to go. Silver for fractional trades, gold for larger ones. Can’t beat a couple thousand years of history.
Brave comment
Brave to remember?
Praising crypto on Lemmy is one of the deadly sins
It seems to work like the stock market. I lost faith when it when up and down 10s of thousands of dollars in a few days that doesn’t mean that it isn’t worth the risk if you are not going to lose everything anyway.
Oh yeah I definitely believe more in Crypto and even Bitcoin than the mythical USD printer. But most Lemmings hate it with a passion because it consumes electricity. Same with AI.
Ah well let’s hope no one ever need it then. El salvador just got bought out of using bit coin. Guess someone Is afraid of how useful it is.
They got bribed by the IMF for 1.4 Billion dollars to change back to USD.
Get tattoo of wallet seed lol.
Nah you need to create a cipher in your head, then you tattoo the encrypted seed. Easier to remember than the seed itself, and only readable by you.
Maybe have a second tattoo to remind you what the cipher is lol. Then another for that one…
Write disguised poem including your wallet seed.
Don’t make it fire incase someone wants to steal yo rhymes.
Didn’t it drop yesterday by like 20%?
close to that at low, but ended up down less than 10%. If you are short term, you had opportunity to make 10% in a day. Long term, it is best performing assets, and should still outperform stock indexes in future. Don’t depend on it for your rent money for the month or year, but longer term you can probably turn it into a significant portion of a house or EV.
Monero if you need something that’s actually untraceable. However, I guess btc is more likely to hold its value in the long term.
If you just want to escape your country, instead of buying illegal stuff in new country, a privacy coin isn’t a necessity.
Transfer your money to an overseas bank in your target nation.
I Heard there are some complications with that. Some people said consult a lawyer before moving finances.
Good advice. Same with real estate. There are all sorts of laws in target nations you’d never expect. For instance, some nations will tax your money hard if you try to leave them.
That’s why the question is more focused on the “yeah leave now or guarantee camps and possibly worst” situation vs let Me call my law firm of Pearson Specter Litt LLC.
Tough situations could blow over but better to not start from nothing.
Why not just use something like Wise to hold your cash?
It’s a UK company but it says Money can only be delivered to a bank account. Unless I can just load it up like a prepaid card? Which is also a other idea I was considering.
You can get a card that is linked to your wise account. Not something I’ve done but it’s an option.
If you are serious, learn a trade. They will always be in demand.
A few iphones, they tend to have a high demand and prices are stable for a few years.
This is not advice
What do you mean by “this is not advice”? You just gave an answer to their request for advice. Your comment is advice.
It only angers your intelligence officials if it is advice. “Not advice” means begging to stay friends. I advise staying friends, overtly, with NSA, to make sure that first they come for others.
Nu uh
Lol imagine selling them on the streets of Panama.
Besides the utility of a go bag… having portable wealth can get you into trouble with the police or border crossing agents.
Civil asset forfeiture is a very real thing at border crossings. If you must take portable wealth have documentation about where it came from a available
Keep them receipts. Got it.
Receipts don’t matter if they (claim to) “suspect” the source of the money used to buy the gold in the first place.
Lame. Now I need paper copies of my bank statements ?
US police (including border agents) are stealing things from citizens. It doesn’t matter if you have bank statements or receipts if you are dealing with someone who will just steal your shit and claim legal immunity.
Gold is still the preferred way of storing wealth in many parts of the world. You can just take gold bars with you which should have value anywhere.
Gold caps (teeth) painted with white enamel was the method of choice in the past.
There are actually limits to what you can bring into/out of a country.
Solid Gold anal beads are limited only by your courage.
Physically get them out might prove to be a challenge as the customs would definitely question your bags of gold.
Heroin is quite compact, and always holds its value of you’re travelling from lower socioeconomic to higher.
Rofl fleeing country.
Let me get my brick first.
